Lodi Electric customers will receive a 1.77 cent-per-kilowatt hour credit on their September bills, the result of reduced wholesale energy costs.
The reduction is a function of the Energy Cost Adjustment, a credit or charge on customers' bills that reflects the cost of wholesale energy purchased by the Lodi Electric Utility. The utility's costs fluctuate month to month, but customers have, on average, enjoyed lower electricity costs in 2010 than in 2009.
For a customer using 1,000 kilowatt hours, the credit amounts to $17.70.
The ECA was established in 2007 and has been a critical element in restoring the utility's financial health. The City of Lodi is committed to operating an efficient utility that provides electricity to the community at the lowest possible cost.